Yusef Murdakhaev Purchases Retail Property From Bob Rossi In Franklin Square For $2M
636 Hempstead Turnpike
$2,000,000
$238/SF
Building Size
8,388 SF
Asset Type
Retail
Closing
Oct 30, 2025
About this deal
AI
The retail asset located at 636 Hempstead Turnpike in Franklin Square has been sold for a transaction amount of $2,000,000. The property encompasses a total area of 8,388 square feet, translating to a price per square foot of $238.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,000,000
- Address: 636 Hempstead Turnpike
- Market: Franklin Square
- Square Footage: 8,388
- Price Per Square Foot: $238
- Buyer: Yusef Murdakhaev
- Seller: Bob Rossi
- Buyer's Representative: Michael Dibella
- Seller's Representative: Jason Merrell - Island Associates Real Estate Inc.
The key individuals involved in this transaction include the buyer, Yusef Murdakhaev, and the seller, Bob Rossi, each represented by their respective brokers. Michael Dibella represents the buyer, while Jason Merrell, from Island Associates Real Estate Inc., represents the seller in this real estate transaction.
On the Map
$2,000,000
$238/SF
Retail
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Players
Franklin Square Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93